Sponsor indemnification for trust account claims
Company: Cipher Mining
The claim, verbatim
Sponsor agreed to indemnify company if vendor or target business claims reduce trust account below $10.00 per public share
Source (primary)
Cipher Mining 10-K/A filed 2021-06-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Our sponsor has agreed that it will be liable to us if and to the extent any claims by a vendor for services rendered or products sold to us, or a prospective target business with which we have discussed entering into a transaction agreement, reduce the amount of funds in the trust account to below (i) $10.00 per public share”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document states the sponsor's indemnification agreement covering claims that reduce the trust below $10.00 per public share.
Confirmed in the source:
- The sponsor agreed to be liable if vendor or prospective target claims reduce the trust account below $10.00 per public share
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000121390021032312/f10k2020a2_goodworks.htm) in full (247,410 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 10-K/A filed 2021-06-14
Quote: “Our sponsor has agreed that it will be liable to us if and to the extent any claims by a vendor for services rendered or products sold to us, or a prospective target business with which we have discussed entering into a transaction agreement, reduce the amount of funds in the trust account to below (i) $10.00 per public share”